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Article: BUNKER HILL INCOME SECURITIES, INC. BOARD REVISES PLAN OF REORGANIZATION
- Article from:
- PR Newswire
- Article date:
- January 13, 1994
CopyrightCOPYRIGHT 1994 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Jan. 13 /PRNewswire/ -- Bunker Hill Income Securities, Inc. (NYSE: BHL), a closed-end bond fund traded on the NYSE, announced today that its board of directors has approved a revised plan of reorganization for submission to the Fund's shareholders.
If approved by shareholders, the reorganization is expected to be effective in April 1994. At that time, Bunker Hill shareholders will receive shares of Pacific Horizon Corporate Bond Fund, a new open-end series of Pacific Horizon Funds, Inc., at net asset value. Following the reorganization, all Bunker Hill shareholders, as new Pacific Horizon Corporate Bond Fund shareholders, will also have the right to purchase ...